SOL Capital Management CO lowered its position in Expedia Inc. (NASDAQ:EXPE) by 8.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,100 shares of the online travel company’s stock after selling 200 shares during the period. SOL Capital Management CO’s holdings in Expedia were worth $223,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Expedia by 0.8% in the first quarter. State Street Corp now owns 4,851,376 shares of the online travel company’s stock valued at $523,064,000 after buying an additional 38,192 shares during the last quarter. Wellington Management Group LLP raised its stake in Expedia by 211.9% in the first quarter. Wellington Management Group LLP now owns 3,706,987 shares of the online travel company’s stock valued at $399,687,000 after buying an additional 2,518,390 shares during the period. Geode Capital Management LLC raised its stake in Expedia by 1.6% in the first quarter. Geode Capital Management LLC now owns 992,731 shares of the online travel company’s stock valued at $106,825,000 after buying an additional 15,880 shares during the period. Samlyn Capital LLC raised its stake in Expedia by 70.1% in the first quarter. Samlyn Capital LLC now owns 739,912 shares of the online travel company’s stock valued at $79,777,000 after buying an additional 304,877 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Expedia by 176.5% in the first quarter. Canada Pension Plan Investment Board now owns 527,300 shares of the online travel company’s stock valued at $56,853,000 after buying an additional 336,600 shares during the period. 81.99% of the stock is currently owned by institutional investors.
Expedia Inc. (NASDAQ:EXPE) traded up 0.81% during trading on Monday, hitting $121.78. 2,256,815 shares of the company’s stock were exchanged. The company has a market cap of $18.23 billion, a price-to-earnings ratio of 90.34 and a beta of 0.68. Expedia Inc. has a 52-week low of $88.40 and a 52-week high of $140.51. The firm has a 50 day moving average price of $113.53 and a 200 day moving average price of $111.36.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 28th. The online travel company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.25 billion. Expedia had a return on equity of 8.02% and a net margin of 2.33%. Expedia’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. On average, equities research analysts predict that Expedia Inc. will post $4.92 earnings per share for the current year.
Several equities research analysts have commented on EXPE shares. Zacks Investment Research lowered shares of Expedia from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Jefferies Group reiterated a “hold” rating on shares of Expedia in a research note on Monday, July 18th. Barclays PLC increased their price objective on shares of Expedia from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Evercore ISI reiterated a “hold” rating and issued a $125.00 price objective on shares of Expedia in a research note on Tuesday, July 26th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Expedia in a research note on Sunday, July 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. Expedia has an average rating of “Buy” and an average price target of $130.17.
In other Expedia news, EVP Mark D. Okerstrom sold 56,664 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $114.97, for a total value of $6,514,660.08. Following the transaction, the executive vice president now directly owns 100,543 shares of the company’s stock, valued at approximately $11,559,428.71. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $111.00, for a total value of $166,500.00. Following the completion of the transaction, the insider now directly owns 2,915 shares in the company, valued at $323,565. The disclosure for this sale can be found here. Corporate insiders own 20.95% of the company’s stock.
Expedia Company Profile
Expedia, Inc is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment provides a range of travel and advertising services, through a range of brands, including Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com Websites throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com, and Classic Vacations.